PRICING NOTICE: Proposal to discontinue Latin American steel export prices

Fastmarkets proposes to discontinue its weekly export price assessment for rebar in Latin America, which is made on a $ per tonne fob main port basis.

Fastmarkets has received feedback that there is now limited spot liquidity in these markets, with most volumes being traded between parties within the same corporate parent.

Fastmarkets also proposes to discontinue its weekly export price assessment of hot-dipped galvanized coil, also made on a $ per tonne fob main port basis.

The proposal is based on feedback that producers had stepped away from the export markets in 2018, focusing on supplying domestic markets instead.

The consultation period for these price discontinuation notices will end two months from the date of this pricing notice, on March 11, with changes taking place from March 15.

To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to these prices, please contact Felipe Peroni by email at pricing@metalbulletin.com. Please add the subject heading FAO: Felipe Peroni, re: Latin America steel export prices.

Metal Bulletin’s pricing methodology and specification can be found here.

What to read next
The March 2024 monthly averages were published today based on the index values of March 1, 8, 15 and 22.
Fastmarkets has corrected its MB-STE-0034 steel domestic plate 8-40mm, exw Northern Europe and MB-STE-0035 Steel domestic plate 8-40mm, exw Southern Europe assessments, which were published incorrectly on Wednesday March 27.
The publication of Fastmarkets’ daily assessment for aluminium P1020A premium, ddp Midwest US was delayed on Wednesday March 27. Fastmarkets’ pricing database has been updated.
Fastmarkets' holiday pricing schedule for 2024 has been updated to reflect the change in the pricing frequency of its mixed hydroxide precipitate (MHP) cif China, Japan and South Korea (CJK) prices.
Fastmarkets is inviting feedback from the industry on the pricing methodologies for its steel hot-rolled coil index domestic, exw Northern Europe, €/tonne (MB-STE-0028) and steel hot-rolled coil index, fob mill US Midwest, $/cwt (MB-STE-0184) as part of its annual methodology review process.
Fastmarkets launched its first price assessment for MB-FEC-0024 Ferro-chrome 50% Cr, delivered Europe, $/lb Cr on Tuesday March 26.